Ingram Micro (NYSE:INGM) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Ingram Micro (NYSE:INGM) had its price target boosted by Royal Bank of Canada from $26.00 to $28.00 in a research note published on Friday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other brokerages have also weighed in on INGM. Northcoast Research began coverage on Ingram Micro in a research report on Friday, November 8th. They set a “neutral” rating for the company. JPMorgan Chase & Co. started coverage on Ingram Micro in a report on Wednesday, November 20th. They issued a “neutral” rating and a $28.00 price objective for the company. Bank of America assumed coverage on shares of Ingram Micro in a report on Monday, November 18th. They set a “buy” rating and a $30.00 target price on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a “buy” rating and a $26.00 price target for the company. Finally, Evercore ISI assumed coverage on shares of Ingram Micro in a research note on Monday, November 18th. They set an “inline” rating and a $27.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $28.14.

Ingram Micro Stock Down 1.6 %

Shares of NYSE:INGM opened at $23.29 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.96 and a current ratio of 1.40. The stock’s 50 day moving average is $21.77. Ingram Micro has a one year low of $18.90 and a one year high of $25.69.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in INGM. Wells Fargo & Company MN purchased a new position in shares of Ingram Micro in the fourth quarter worth $45,000. Cohen & Steers Inc. acquired a new position in shares of Ingram Micro in the 4th quarter valued at $48,000. Tower Research Capital LLC TRC purchased a new position in Ingram Micro in the 4th quarter worth $52,000. Cubist Systematic Strategies LLC acquired a new stake in Ingram Micro during the 4th quarter worth about $80,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Ingram Micro during the 4th quarter valued at about $118,000.

Ingram Micro Company Profile

Ingram Micro is a leading solutions provider by revenue for the global information technology (“IT”) ecosystem helping power the world’s leading technology brands. With our vast infrastructure and focus on client and endpoint solutions (formerly referred to as commercial & consumer, as described elsewhere in this prospectus), advanced solutions offerings and cloud-based solutions, we enable our business partners to scale and operate more efficiently in the markets they serve.